BGT New Materials to acquire controlling stake in Jinxin Metallurgy
2026-05-28 16:40:17 [Print]
BGT (Beijing) New Materials Technology Co., Ltd., a wholly-owned subsidiary of BGT Group Co., Ltd., plans to acquire a 55% stake in Guangnan Jinxin Metallurgy Furnace Materials Co., Ltd. via equity transfer and capital increase, with total investment of RMB54.34 million (USD8.01 million) from its own or self-raised funds.
To fund subsequent mineral exploration, construction and development, the company intends to provide Jinxin Metallurgy with special financing of no more than RMB50 million (USD7.37 million) after the equity transaction is completed. The loan carries an annual interest rate of 6.5% with annual interest settlement, and will be used for the exploration and construction of the Zaojiaoshu Antimony Mine in Guangnan County.
The proven remaining reserves of the mine stand at 1.21 million tons of ore and 44,373 tons of antimony metal, with an average ore grade of 3.67%. As of the announcement date, the mining right for the Zaojiaoshu Antimony Mine has not yet been obtained.
To fund subsequent mineral exploration, construction and development, the company intends to provide Jinxin Metallurgy with special financing of no more than RMB50 million (USD7.37 million) after the equity transaction is completed. The loan carries an annual interest rate of 6.5% with annual interest settlement, and will be used for the exploration and construction of the Zaojiaoshu Antimony Mine in Guangnan County.
The proven remaining reserves of the mine stand at 1.21 million tons of ore and 44,373 tons of antimony metal, with an average ore grade of 3.67%. As of the announcement date, the mining right for the Zaojiaoshu Antimony Mine has not yet been obtained.
Sodium Pyroantimonate 58.4% Delivered China
Unit:RMB/mt
China antimony ingot producers' inventory to production ratio statistics by province by month
Unit: %
